Looks bearish here as it could be forming major macro bear flag/pennant pattern and if it breaks 121-122 zone w/ volume then it could test 95-98 zone for the extension of the move & this could happen in the next few months.....it looks like the major line or zone of support is around the 90 level which would be around 900 or so actual Gold price.....this area is actually around the 50% retracement from the long-term bull rally that ended in 2011.....looks like the downtrend or bear trend could still be going w/ gold or GLD until it reaches this 90-98 zone which could be around the late 14' until it reaches this zone.....so gold may not break out to a new bull trend until the 1st part of 15'.....as always watch volume for confirmation
